Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 2/19/18


Due to dry weather in Argentina, soybean prices showed recent strength despite rising ending stocks projections for the current marketing year. At 530 million bushels, the current forecast for soybean ending stocks represents a 228 million bushels increase over last marketing year's ending stocks. The development of soybean prices over the next year depends on the size of the 2018 U.S. crop and a more robust pace of consumption than produced thus far this marketing year.

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